Yespark, the leader in long-term parking space rental, has announced a €28 million fundraising round. The funding comes from Ring Capital, Sofiouest, Founders Future, the Banque des Territoires, and NEoT Green Mobility. The company was launched in 2014 by Thibaut Chary and Charles Pfister and has since deployed a platform that allows people to rent parking spaces with a subscription. To keep up with the acceleration of electric vehicles, Yespark has installed charging points in some of its car parks and is now present in more than 570 towns and cities.
With this new funding, the company plans to install 30,000 charging points for electric vehicles and manage over 200,000 long-term parking spaces. Yespark will also offer a turnkey solution to parking space owners. At the beginning of 2022, the company had 50 full-time employees, but this is set to rise to 115 by the end of the year, with a target of 300 by 2026.
Ring Capital is a leading venture capital firm that invests in digital startups with a focus on B2B companies. Sofiouest is a French venture capital firm that invests in startups in the west of France. Founders Future is a venture capital firm that invests in early-stage startups. The Banque des Territoires is a French public investment bank that provides funding to local authorities and businesses. NEoT Green Mobility is a venture capital firm that specializes in sustainable mobility and transportation.
This new funding round will enable Yespark to expand its offering and continue to lead the market in long-term parking space rental.